Survey indicates bitcoin’s purpose changed over the last year
Main reason cited for owning bitcoin shifted from transactions to investment between 2016 and 2017
A new report from the Bank of Canada analyses the popularity and uses of bitcoin throughout the country, and shows a sharp trend towards the cryptocurrency being used as an investment opportunity, rather than for technological interest or transactions.
In Bitcoin Awareness and Usage in Canada: An Update, Christopher Henry, Kim Huynh and Gradon Nicholls compare responses to a survey from late 2016 with a new one conducted in late 2017. This period saw the price of bitcoin increase by a factor of
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